richardcorbett.org.uk
A trillion euros of free money – but for whom? | Richard Corbett
The European Central Bank today announced a €1 trillion quantitative easing programme. Quantitative easing — printing money to stimulate the economy — is conducted by means of the central bank purchasing assets. This raises the price of assets. Now, assets tend to be owned disproportionately by the well-off. So, in general, boosting the supply of …